A new investment fund has emerged, offering Bitcoin enthusiasts a unique pathway to European Union citizenship through Portugal’s golden visa program. This is the first fund of its kind, launched by Alessandro Palombo, co-founder and CEO of Unbound Fund, which allows investors to acquire Portuguese citizenship by means of indirect investment in Bitcoin.
Palombo highlighted that this fund, the first of its kind, qualifies for the Portuguese golden visa program by investing in BTC worth $66,402. Investors who hold over $500,000 worth of BTC through this fund can gain eligibility for the Portugal Golden Residence Permit Program, a five-year residency initiative aimed at non-EU nationals.
Gaining EU Citizenship through Bitcoin Investment
The fund invests in companies with passive Bitcoin holdings and BlackRock exchange-traded funds (ETFs), guaranteeing security and simplicity. Palombo believes in using Bitcoin as a tool for freedom of movement, said
“I believe it’s time to use Bitcoin as a tool for freedom of movement in a mutually beneficial way with Portugal, a country I have chosen to live in with my family.”
On July 22, BTC reached a 40-day high of $68,518, which was credited to the end of a German government sell-off of BTC and increased confidence in investors in a potential US Federal Reserve lowering of interest rates in 2024. Nevertheless, the value retreated to $65,550 on July 24 before settling at $66,404.
Palombo also stated that the fund has onboarded many customers and is in discussions with complementary teams, which means it is getting more interest and success for this innovative investment opportunity.
This development is significant for BTC investors seeking EU citizenship because it combines financial growth with strategic residency benefits.
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